OctoApplications for SSBCI technical assistance funding from Tribal governments are due ( application materials).įrequently Asked Questions – SSBCI Capital and TA Grant Programs (Updated ) Treasury Department Announces First State Small Business Credit Initiative Awards to Tribal Governments for Small Businesses, Part of Biden Administration’s Investing in America Agenda () Treasury Department Announces Approval of Up to $86 Million to Support Small Business Success in Mississippi as Part of President Biden’s Investing in America Agenda () TA Grant Program Application Deadline Extended for Tribal Governments () Recent SSBCI News and Announcements from the last 60 days:
Department of Commerce will support technical assistance to improve access to capital, including for traditionally underserved entrepreneurs. In addition, Treasury, recipient jurisdictions, and the Minority Business Development Agency at the U.S. Through SSBCI, jurisdictions provide funding to small businesses through equity/venture capital programs, loan participation programs, loan guarantee programs, collateral support programs, and capital access programs tailored to local market conditions. The new SSBCI builds on this successful model and is expected to catalyze up to $10 of private investment for every $1 of SSBCI capital funding, amplifying the effects of this funding and providing small business owners with the resources they need to sustainably grow and thrive.
SSBCI was originally established in 2010 and was highly successful in increasing access to capital for traditionally underserved small businesses and entrepreneurs.
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